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Here are some highlights of the forecasts for the future from the 2011 SREX report:

– A 1-in-20 year hottest day is at least 66% likely to become a 1-in-2 year event by the end of the 21st century in most regions, except in the high latitudes of the Northern Hemisphere, where it is likely to become a 1-in-5 year event. Continue reading →

EU carbon prices could crash to as low as 3 euros as the 27-nation bloc struggles with a mounting debt crisis and the market remains oversupplied with permits until 2025, analysts at UBS said late on Thursday.

The Swiss investment bank also said the EU Emissions Trading Scheme (ETS) “isn’t working” because carbon prices are “already too low to have any significant environmental impact.” Continue reading →

LONDON, Nov 18 (Reuters) – European Union carbon prices could shed some 70 percent from current levels, as the bloc struggles with a mounting debt crisis and a glut of supply in the carbon market is unlikely to disappear until 2025, analysts at UBS said.

The investment bank also said the EU emissions trading scheme (ETS), the 27-nation bloc’s main policy tool to fight global warming, “isn’t working” because carbon prices are “already too low to have any significant environmental impact.” Continue reading →

Nov. 9 (Bloomberg) — Fossil-fuel consumers worldwide received about six times more state subsidies last year than were given to the renewable-energy industry, according to the chief adviser to oil-importing nations.

Aid to cut the price of gasoline, gas and coal rose by more than a third to $409 billion as global energy prices increased, compared with $66 billion of support for biofuels, wind power and solar energy, the Paris-based International Energy Agency said today in its World Energy Outlook. Continue reading →

The global output of heat-trapping carbon dioxide has jumped by a record amount, according to the US department of energy, a sign of how feeble the world’s efforts are at slowing man-made global warming.

The figures for 2010 mean that levels of greenhouse gases are higher than the worst case scenario outlined by climate experts just four years ago. Continue reading →

The following comment has been produced by members and affiliates of the Climate Justice Now! network. The network numbers more than 1000 organizations in the global north and south. It is a preliminary comment and has not been fully discussed by all members of the network yet. Accordingly, not every recommendation in this comment has been explicitly endorsed by all network members or organizations, but only by those who have signed on below. However, these comments capture many of the ideas and the fundamental consensus, which have been formulated in previous meetings since the CJN! networks’ inception and first articulation of the Principles for Climate Justice in 2008. Continue reading →

We gathered in Rio Branco, in the State of Acre, on 3-7 October 2011 for the workshop “Serviços Ambientais, REDD e Fundos Verdes do BNDES: Salvação da Amazônia ou Armadilha do Capitalismo Verde?” (Environmental Services, REDD and BNDES Green Funds: The Amazon’s Salvation or a Green Capitalism Trap?)